Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) Vice Chairman Gary S. Collins sold 3,000 shares of the business's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total value of $43,440.00. Following the transaction, the insider now owns 89,893 shares of the company's stock, valued at approximately $1,301,650.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Old Second Bancorp Stock Performance
Shares of OSBC remained flat at $14.50 during trading hours on Wednesday. The stock had a trading volume of 177,107 shares, compared to its average volume of 178,453. The company has a market cap of $650.33 million, a P/E ratio of 7.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Old Second Bancorp, Inc. has a 52-week low of $10.79 and a 52-week high of $16.76. The business's 50 day moving average price is $13.56 and its two-hundred day moving average price is $14.20.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. The company had revenue of $83.83 million during the quarter, compared to the consensus estimate of $69.50 million. Analysts forecast that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current year.
Old Second Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 25th. Old Second Bancorp's dividend payout ratio is currently 10.15%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on OSBC. Raymond James upgraded Old Second Bancorp from an "outperform" rating to a "strong-buy" rating and set a $17.00 target price for the company in a report on Thursday, April 4th. Stephens reiterated an "overweight" rating and issued a $17.00 target price on shares of Old Second Bancorp in a report on Friday, April 19th.
Get Our Latest Analysis on OSBC
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Old Second Bancorp during the 3rd quarter valued at about $34,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Old Second Bancorp by 86.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,464 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of Old Second Bancorp in the fourth quarter valued at about $46,000. SG Americas Securities LLC acquired a new position in shares of Old Second Bancorp in the fourth quarter valued at about $149,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Old Second Bancorp in the fourth quarter valued at about $172,000. 67.76% of the stock is owned by institutional investors and hedge funds.
About Old Second Bancorp
(
Get Free Report)
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.
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